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Lot
7734

1863 $1 Dollar, Judd-346, Pollock-418, R.7, PR66 Red Cameo NGC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1863 Seated Dollar in Copper
Judd-346, PR66 Red Cameo
Strongly Contrasted on Each Side
1863 $1 Dollar, Judd-346, Pollock-418, R.7, PR66 Red Cameo NGC. This is a so-called transitional issue, this pattern uses the dies of the regular Seated Liberty dollar of the year, but it bears the addition of the motto IN GOD WE TRUST on a swirling scroll on the reverse, of the type introduced on regular-issue coinage in 1866. Struck in copper with a reeded edge. As stated on the USPatterns.com website, "These and the other 'with motto' patterns of this date and also 1864 and possibly 1865 are actually restrikes made circa 1869 and into the early 1870s and were offered with restrikes of the other denominations in complete sets."
The silver and copper strikings are of about equal rarity "with about a dozen known" stated on the website. The metallic rarity in this issue is the aluminum variant, with only four estimated known, one of which is housed permanently in the ANS. However, of even greater rarity is the copper striking with full red color and Cameo designation. This is the only such coin, and understandably there is no price history for this pattern with Red surfaces. The only PR66 Red and Brown Cameo sold in recent years is the Queller coin (Heritage, 1/2009). That coin brought $46,000.
The surfaces are well-matched from side to side with rich cherry-red color and no mentionable variation in hue. The cameo contrast is profound with thick mint frost over the devices on each side against the deeply mirrored proof fields. By way of identification, there is a lilac-gray accent of color over the face of Liberty, and a thorn-like projection in the planchet on the top left of the O in DOL. We note one curiosity about the designation of this coin. The NGC website notes no Cameo coins, but there is a PR66 Ultra Cameo. Obviously this is a mechanical error, but is the error on the insert or on the website? We can easily see this coin being called an Ultra Cameo. (PCGS# 80508)

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